TNW Sites

Bitcoin valuation takes another hit as Mt. Gox CEO steps down from the Bitcoin Foundation

Bitcoin is going through another significant dip after the CEO of Mt. Gox, a controversial Bitcoin currency exchange service, stepped down from the Bitcoin Foundation, the committee that oversees management of the virtual currency.

Regardless of the specifics of his exit, Karpeles’ resignation appears to have increased concern among Mt. Gox users. Prices on the exchange — which are lower than others due to a range of user concerns — had actually jumped this weekend, but dropped again during morning time in Asia following the news.